We study the optimal adaptation to extreme climate events by the central government in a setup where events are dynamically uncertain and the government does not know the true probabilities of events. We analyze different policy decision rules minimizing expected welfare losses for sites with...

This paper is concerned with developing a semiparametric panel model to explain the trend in UK temperatures and other weather outcomes over the last century. We work with the monthly averaged maximum and minimum temperatures observed at the twenty six Meteorological Office stations. The data is...

It is an undisputed fact that weather risk increases over time due to climate change. However, qualification of this statement with regard to the type of weather risk and geographical location is needed. We investigate the application of novel statistical tools for assessing changes in weather...

We use a long history of global temperature and atmospheric carbon dioxide (CO2) concentration to estimate the conditional joint evolution of temperature and CO2 at a millennial frequency. We document three basic facts. First, the temperature–CO2 dynamics are non-linear, so that large...

There is a scientific consensus that global climate change is already impacting on yields of major staple food crops such as rice, wheat, and soybeans, and this situation will progressively worsen posing severe dangers to global food security. The impact on crop yields of climate change may be...

In communities highly dependent on rain fed agriculture for their livelihoods, the common occurrence of climatic shocks such as droughts can lower the opportunity cost of having children, and raise fertility. Using longitudinal household data from Madagascar, we estimate the causal effect of...

The contribution of efficiency improvements to the reduction of greenhouse gas emissions is not much investigated. We provide an environmental efficiency analysis with nonparametric methods to quantitatively assess the emission reductions originating from possible efficiency improvements in 16...

Understanding fishermen's perspectives and responses relating to climate variability is important for sustainable fisheries management. To this end, a survey of captains of commercial passenger fishing vessels (CPFVs) was conducted in San Diego. The survey demonstrates that fishermen have...

Ricardian (hedonic) analyses of the impact of climate change on farmland values typically assume additively separable effects of temperature and precipitation. Model estimation is implemented on data aggregated across counties or large regions. We investigate the potential bias induced by such...

Climate change is increasingly affecting the macroeconomic performance of countries and regions. However, the effects on income inequality are less understood. We estimate the dynamic impact of thunderstorms on income and wages and reveal a robust asymmetric effect. We leverage a comprehensive...